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Nov 15, 2012
11/12
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WGN
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cliff january 1st with a major budget cuts and tax hikes could set and he called on congress to end extend tax cuts for the middle class but not for those making more than 2 record and $50,000 something that republicans have opposed. there are two pathways available, option 1 if congress fails to act by the end of this year everybody's taxes will automatically go up including the 90 percent of americans who make less than $250,000 a year and the 97 percent of small business who earn less than $250,000 a year, that doesn't make sense. >> he was pressed on the sex scandal that forced the resignation of david petraeus as director of the cia and he says there has been no evidence that national security was damaged it didn't come to his attention until after the election he said. >> he had an extraordinary career, he served this country with great distinction and people are innocent until proven guilty and we want to make sure that we do not prejudge these kinds of situations. >> he has changed his mind and has now agreed to testify before the senate tomorrow possibly the house on friday
cliff january 1st with a major budget cuts and tax hikes could set and he called on congress to end extend tax cuts for the middle class but not for those making more than 2 record and $50,000 something that republicans have opposed. there are two pathways available, option 1 if congress fails to act by the end of this year everybody's taxes will automatically go up including the 90 percent of americans who make less than $250,000 a year and the 97 percent of small business who earn less than...
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Jul 18, 2012
07/12
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KQED
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of the year. >> a lot of people are talking about the fiscal cliff. what impact will this have on the u.s. economy? spending cuts kick in automatically. >> if you add up all of the dollar amounts, it comes to roughly 5% of gdp. that would result in a recession. >> growth is so slow at the moment. we have some decent news, new housing starts were up and there was some growth in may and june. is it as gloomy as we thought? >> unfortunately, it is as gloomy as we thought. housing is growing but even growth of there is not make a difference to the broader economy. . it is growing at half the rate that you would expect. the problems with the fiscal cliff is that as businesses anticipate the possibility that that recession will happen, they're cutting back now. they're not hiring, they are not expanding. they are waiting. this will continue right through the end o the year. "you talk about business is not hiring, unemployment is the key indicator and bernanke expects unemployment to remain above 7% until the end of 2014. >> the challenge for obama is to arg
of the year. >> a lot of people are talking about the fiscal cliff. what impact will this have on the u.s. economy? spending cuts kick in automatically. >> if you add up all of the dollar amounts, it comes to roughly 5% of gdp. that would result in a recession. >> growth is so slow at the moment. we have some decent news, new housing starts were up and there was some growth in may and june. is it as gloomy as we thought? >> unfortunately, it is as gloomy as we thought....
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Nov 15, 2012
11/12
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WUSA
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economy goes over the fiscal cliff. >>> president obama will work with republicans to avoid the fiscal cliff, the automatic spending cuts and tax hikes that could take effect in the start of the new year. but he's standing by his commitment to raise taxes for those making more than $250,000. >> that's something they say they will not affect. new tax hikes will hit very hard. especially on parents. jessica doyle reports they could have a tough time paying for childcare. >> reporter: it's a dilemma facing families across the country. >> reporter: the mother of three, says not being able to get that tax credit for childcare expenses could really impact her family. >> we typically get a refund and, you know, thinking that it might not be a possible for some people that do use that money at the end of the year to take care of big expenses could be very tough. >> reporter: that's why they are warning parents to plan carefully. andologist congress -- and unless congress plans to pay taxes, they will only get $500 as opposed to $1,000. >> the best thing to do is plan accordingly. >> families c
economy goes over the fiscal cliff. >>> president obama will work with republicans to avoid the fiscal cliff, the automatic spending cuts and tax hikes that could take effect in the start of the new year. but he's standing by his commitment to raise taxes for those making more than $250,000. >> that's something they say they will not affect. new tax hikes will hit very hard. especially on parents. jessica doyle reports they could have a tough time paying for childcare. >>...
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Dec 30, 2012
12/12
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CNNW
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. >> here in washington there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill has to extend unemployment insurance that would affect some 2 million americans, and increase taxes for the highest income earners. negotiators can still work out exactly where that tax increase would hit and whether they would halt an increase in the estate tax. in case those discussions break down, the president has asked democratic leader harry reid to prepare a separate bill to put on the floor of the senate that would raise taxes on households that earn $250,000 or more. that's really a democratic proposal, and you can expect republicans to block it. rather than thinking of that as a stop gap measure, you should probably think of it it as a political measure to shift the responsibility for failure onto republicans just bef
. >> here in washington there is still hope a deal can be cut in time to avert the fiscal cliff. on saturday the president was at work here in the white house, but all eyes were on the senate where negotiators were trading deal points and revenue figures to try to reach an agreement all sides can stomach. the baseline for the president, any bipartisan bill has to extend unemployment insurance that would affect some 2 million americans, and increase taxes for the highest income earners....
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Sep 21, 2012
09/12
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WRC
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but they failed to reach an agreement on something to avoid the so-called fiscal cliff. that's the combination of big spending cuts and the end of the bush tax cuts. and many economists say if this happens, it could push the economy over a cliff and into another recession. >>> well, it doesn't look like members are going to vote on the president's veterans jobs corps bill either. there's also a farm bill which inlose a relief -- includes a relief for states hit hard by the yore's drought. another bill expedites reforms for the u.s. postal service. >>> argue police are searching for a -- arlington police are searching for a man who sexually assaulted a woman over the weekend who's deaf and mute. >> as andrea mccarren reports police detectives had to rely solely on written communications with the victim. >> it was dropped off by a cap at the rosslyn metro station where she went understood ground to catch a -- underground to catch a metro. >> reporter: in the early hours last saturday morning the victim was returning to virginia after a night out in d.c.. >> upon learning t
but they failed to reach an agreement on something to avoid the so-called fiscal cliff. that's the combination of big spending cuts and the end of the bush tax cuts. and many economists say if this happens, it could push the economy over a cliff and into another recession. >>> well, it doesn't look like members are going to vote on the president's veterans jobs corps bill either. there's also a farm bill which inlose a relief -- includes a relief for states hit hard by the yore's...
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Dec 20, 2012
12/12
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KQED
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to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut spending and raise revenues, but they were pushing plan b today-- a tax hike for those making more than a million dollars. >> tomorrow the house will pass legislation to make permanent tax relief for nearly every american. 99.81% of the american people. then the president will have a decision to make. he can call on the senate democrats to pass that bill or he can be responsible for the largest tax increase in american history. >> reporter: hours before the speaker issued his challenge, the president said the two sides were not that far apart. just a few more steps the pr
to vote tomorrow on the republican plan-b to avoid the fiscal cliff. house speaker john boehner thinks the house will okay the package, trying to turn the heat up on president obama to steer clear of automatic tax hikes and government spending cuts due to take affect in 12 days. still, as darren gersh reports, there are some signs the two sides are narrowing their differences. >> reporter: house republicans say they're still working on plan a: a big agreement with the president to cut...
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Dec 27, 2012
12/12
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CNBC
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the fiscal cliff is scary. another recision, higher unemployment, economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cut backs. the fiscal cliff was meant to be something that nobody wanted to go anywhere near and here we are about to go off it. we really need our elected officials to figure this out, keep our economy growing and gives us some certainty about the future so we can make our plans as business leaders. we're all having such a great year in the gulf, we've decided to put aside our rivalry. 'cause all our states are great. and now is when the gulf gets even better. the beaches and waters couldn't be more beautiful. take a boat ride or just lay in the sun. enjoy the wildlife and natural beauty. and don't forget our amazing seafood. so come to the gulf, you'll have a great time. especially in alabama. you mean mississippi. that's florida. say louisiana or there's no dessert. brought to you by bp and all of us who call the gulf home. >>> welcome back. the dow jones
the fiscal cliff is scary. another recision, higher unemployment, economic slowdown. tax money taken out of the economy. those are major concerns. we're going to have to react as a business and it could result in cut backs. the fiscal cliff was meant to be something that nobody wanted to go anywhere near and here we are about to go off it. we really need our elected officials to figure this out, keep our economy growing and gives us some certainty about the future so we can make our plans as...
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Dec 26, 2012
12/12
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WMAR
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a deal as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house with the president and the first lady. tonight here, some rare personal questions answered about their own relationship and their girls. one of whom just got her first cell phone. >> reporter: i want to talk a bit about the girls. we have been rawatching them gr up from little girls to young ladies. now, malia recently got her first cell phone. do you monitor it? and see who she calls or who she texts? >> i give my daughter at this age, i give her a long rope. you know, and there is monitoring, because we have rules, but monitoring may be,
a deal as that fiscal cliff nears. now just six days until higher taxes for all americans. and tonight, a white house official is placing the burden of not getting a deal on leaders of congress. one official saying the hits from our economy are not coming from outside factors, they're coming from congressional stupidity. some members of congress do return tomorrow. these comments come just as barbara walters prepares for her "nightline" special tonight. her sitdown at the white house...
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Nov 11, 2012
11/12
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KPIX
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cliff. spending cuts and tax increases that will be triggered if it's not resolved by the end of the year. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. that's how we did it when bill clinton was president and that's only way we can afford to invest in education and job training and manufacturing all the ingredients of a strong middle class and strong economy. >> instead of raising tax rates on the american people and accepting the damage it will do to the economy let's start to actually solve the problem. the tax reform. lowers tax rates. instead of accepting arbitrary cuts, that will endanger our national defense, let's get serious about shoring up the entitlement programs that are the primary drivers of our country's massive growing debt. >> both the president and republicans are willing to compromise and hope to reach an a
cliff. spending cuts and tax increases that will be triggered if it's not resolved by the end of the year. >> we can't just cut our way to prosperity. if we're serious about reducing the deficit, we have to combine spending cuts with revenue. and that means asking the wealthiest americans to pay a little more in taxes. that's how we did it when bill clinton was president and that's only way we can afford to invest in education and job training and manufacturing all the ingredients of a...
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Dec 19, 2012
12/12
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CURRENT
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with respect to a proposed fiscal cliff compromise and the bush tax cuts, social security and medicare, former labor secretary robert reich tweeted today that president obama is caving on the cliff. professor reich joins me now. his best selling ebook "beyond outrage" is now out in paperback. buy it and read it. welcome to the show, professor. >> good evening. >> eliot: why is the president caving and what issues in particular? explain what he should be doing. >> well, as we know, the fiscal cliff is much scarier to republicans than to democrats because it signifies huge cuts in the military and also major tax increases for republicans patrons, the very wealthy. it is not that terrifying to democrats who can easily pass a law on january 2nd that provides a tax cut for the middle class and make it retroactive to january 1st. against that backdrop, you would think the president would not have to compromise very much or would not have to feel he had to compromise very much and yet he has done so. not only is he lifting the threshold for the tax hike up to $400,000. in fact it looks like h
with respect to a proposed fiscal cliff compromise and the bush tax cuts, social security and medicare, former labor secretary robert reich tweeted today that president obama is caving on the cliff. professor reich joins me now. his best selling ebook "beyond outrage" is now out in paperback. buy it and read it. welcome to the show, professor. >> good evening. >> eliot: why is the president caving and what issues in particular? explain what he should be doing. >>...
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Dec 27, 2012
12/12
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CNNW
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his holiday vacation so he could deal with the looming fiscal cliff. all eyes are on that now and everyone wondering whether congress will be able to reach a deal by january 1st. if not, spending cuts and tax hikes for every american will go into effect and we're watching that story very, very closely. as i mentioned, just five days left before the new year. but wait, before they bring out the champagne and confetti on the 31st, folks in washington need to start making big decisions regarding that fiscal cliff. here's what will happen if no deal is reached. the economy could fall into a recession. that's been widely reported. the congressional budget office forecasts a drop of .5% in the real gross domestic product and a 9.1% unemployment rate by the end of next year. markets in the u.s. and around the world could take a hit. right now the dow is down almost 100 points. no santa clauz rally this year. managing director of the boston consulting group joins me from chicago. great to see you. happy holidays. let's talk about the effect on the economy. i t
his holiday vacation so he could deal with the looming fiscal cliff. all eyes are on that now and everyone wondering whether congress will be able to reach a deal by january 1st. if not, spending cuts and tax hikes for every american will go into effect and we're watching that story very, very closely. as i mentioned, just five days left before the new year. but wait, before they bring out the champagne and confetti on the 31st, folks in washington need to start making big decisions regarding...
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Dec 26, 2012
12/12
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KPIX
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. >>> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. the deadline is only six days away. the president plans to leave hawaii today and head back to washington to meet with lawmakers. where heed he and his wife, michelle, spent christmas visiting u.s. troops and their families in hawaii. to beat the january 1st deadline senate majority leader harry reid is said to be crafting his own fiscal package. it would extend the bush era tax cuts for households making less than $250,000, extend long-term unemployment, short-term spending cuts, and make a scheduled drop in medicare reimbursement to doctors. house speaker john boehner said they've had no communication with senator reid. >>> the exconwho ambushed and killed two volunteer firefighters in upstate new york may have murdered his sister. her body was found yesterday, and police say william spamglor had the same kind of military rifle used in the connecticut school massacre. he left behind a chilling note. >> reporter: the christmas eve fire in western new york burned seven homes to the gr
. >>> the looming fiscal cliff is forcing president obama to cut short his christmas vacation. the deadline is only six days away. the president plans to leave hawaii today and head back to washington to meet with lawmakers. where heed he and his wife, michelle, spent christmas visiting u.s. troops and their families in hawaii. to beat the january 1st deadline senate majority leader harry reid is said to be crafting his own fiscal package. it would extend the bush era tax cuts for...
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Nov 19, 2012
11/12
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CNBC
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the idea of the fiscal cliff, the sequestration, automatic cuts to bring people to the table. we've done, with the help of technology, using diver technology, we dove in to take a look at where federal spending is highest. it is color coated by per capita spending by county here. what you see -- take a look. where it's red it's the highest from 20 all the way up to 175,000. there's actually one county in north carolina where i think hatteras island is where there is a big fema project. along the eastern seaboard a lot of that fema smending. th spending. then into florida where there's a lot of social security spending. same think along the gulf coast. zoom in on one louisiana county in here, there's a u.s. penitentiary there. a lot of federal spending. up through here, farm subsidies, drought relief. all kinds of things. out in arizona, retirees and other -- all the way up there in the state of washington. i understand we've got somebody coming from that state, a big naval base. that's going to show up big and make it red. what the pew center on the states did, they divided it
the idea of the fiscal cliff, the sequestration, automatic cuts to bring people to the table. we've done, with the help of technology, using diver technology, we dove in to take a look at where federal spending is highest. it is color coated by per capita spending by county here. what you see -- take a look. where it's red it's the highest from 20 all the way up to 175,000. there's actually one county in north carolina where i think hatteras island is where there is a big fema project. along...
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Nov 11, 2012
11/12
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CNNW
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but first, that fiscal cliff. those tax cuts and spending hikes scheduled to take place at the end of the year unless congress acts. president obama and john boehner picked up where they left off in dueling public appearances where both sounded conciliatory but didn't seem to budge much. you must add to the president's to-do list one more thing. he needs a cia director after general david petraeus resigned, admitting to an extramarital affair. joining me now is new jersey democrat senator robert menendez. and in new york congressman peter king who is chairman of the house homeland security committee. good morning, senator. it's good to see you. let me start out with the petraeus matter. do you believe that this leaves a big hole in military intelligence operations or can they carry on smoothly? >> well, mike morell who is the second in charge is an excellent individual, has the president's confidence and can carry on in the interim. obviously, general petraeus was a tremendous asset at the cia. it's unfortunate. i
but first, that fiscal cliff. those tax cuts and spending hikes scheduled to take place at the end of the year unless congress acts. president obama and john boehner picked up where they left off in dueling public appearances where both sounded conciliatory but didn't seem to budge much. you must add to the president's to-do list one more thing. he needs a cia director after general david petraeus resigned, admitting to an extramarital affair. joining me now is new jersey democrat senator...
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Oct 9, 2012
10/12
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CNNW
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and the fiscal cliff, it is huge spending cuts. so hundreds of government programs will be cut dramatically. and it's massive, massive tax increases. the average family maybe making $50,000 a year, your taxes would go up $3,500. that would hurt. that would mean millions of jobs lost and probably a recession. >> $3,500 you don't invest in the stock market. >> this is why it's incredibly critical to the economy overall. congress holds the key. almost everyone thinks they're going to fix it in time. it will be an 11th hour fix and no one knows how they will fix it. that's what keeps the uncertainty going. >> with 30 seconds left, john boehner, speaker of the house, made some poignant comments with regard to who should be making an effort. >> he said he doesn't think a lame duck congress should be doing it. they shouldn't be doing big bills like this. the others say the only way you can get it done is if you don't have the risk -- >> of being fired. christine romans, thank you. there are a lot of warning lights and sounds vying for you
and the fiscal cliff, it is huge spending cuts. so hundreds of government programs will be cut dramatically. and it's massive, massive tax increases. the average family maybe making $50,000 a year, your taxes would go up $3,500. that would hurt. that would mean millions of jobs lost and probably a recession. >> $3,500 you don't invest in the stock market. >> this is why it's incredibly critical to the economy overall. congress holds the key. almost everyone thinks they're going to...
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Sep 27, 2012
09/12
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FOXNEWS
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poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will appear on "fox and friends" to discuss the economy and next fiscal cliff is just around the corner. there are fewer than 100 days before we reach that impending fiscal cliff. the expiration of bush tax cuts the start of a trillion dollars of budget cuts. tax magedon is unsettling to one large segment of the economy and mike emanuel explains. >> many small business owners are expressing anxiety as the u.s. economy faces the fiscal cliff. that is in tax hikes and government spending cut to do you to take affect in the new year. >> i want to grow and invest in the community and holding things back just because of
poem are talking about about the fiscal cliff coming and new tax increases and spending cut us. but the really problem is in february when out of the necessity who is president will have to go to the congress and say we need a trillion or two trillion in borrowing authority to pay our debts. we have got i mean, this is a conservative message which people, whether they agree with you or not. >> this is real. >> this is real. and we are on a spending binge. >> woodward will...
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Jun 23, 2012
06/12
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CNN
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it's the so-called fiscal cliff. the series of tax increases and spending cuts that are set to kick in on january 1st. now the conventional wisdom is congress will get to it after the election. by then we could be in a recession. your presidential candidates tell you they can solve -- really they can't. it doesn't much matter who you vote for for president. the president gets altogether too much blame and credit for what goes on in the economy. you can cast a ballot for somebody this fall who can control the weather closer to your home. your member of congress. congress writes and if you believe in miracles, passes the types of laws that can fight off the coming storm. no matter what president obama or mitt romney say, they can only do so much to make you spend money and help create jobs. but congress can and should ultimately the best thing can you do is cast an informed ballot this fall for your senator, for your representative, for state and city officials and not one based on whether you're a democrat or republic
it's the so-called fiscal cliff. the series of tax increases and spending cuts that are set to kick in on january 1st. now the conventional wisdom is congress will get to it after the election. by then we could be in a recession. your presidential candidates tell you they can solve -- really they can't. it doesn't much matter who you vote for for president. the president gets altogether too much blame and credit for what goes on in the economy. you can cast a ballot for somebody this fall who...
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Nov 28, 2012
11/12
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CNBC
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eye 200
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over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the cpo itself is saying the only way to do this is getting obamacare out of there. what are the republicans starting to say? this will destroy the republican party because the party will have lost it soul. what else differentiates it from the party? >> here is the problem. the republicans have been saying for two years that this tax increase would destroy jobs and hope for a recovery. either they were lying then or if they were going along with it. they were lying now. which is it? >> this is interesting to me. why is the media working with the democrats on this very point about taxes. why is t
over this fiscal cliff debate. nobody is cutting spending. everybody is talking about taxes. is the gop losing it's soul and principles? >> no one is being serious in it's debate. the fellow from adi is making sound statements. but he is whistling past the graveyard. there is no problem that the obama budget calls for spending giving us a deficit of $1 trillion per year as far as the eye can see. tax cuts didn't cause this. it is spending that caused this. you go to spending. you have the...
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Dec 26, 2012
12/12
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CNNW
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not going to be able to do as much. >> we're looking in six days of going over the fiscal cliff. $600 million in tax increases and spending cuts. >> nobody wants to do that. >> i think we all agree and no talks by all accounts by the president and members of congress. >> the president went -- >> and the president was playing golf in honolulu. listen, i was working on christmas. with all due respect. should congress have taken a break? >> no. >> there are huge implications here. we have to wait on the senate at this point. and that's -- that's our challenge. we did send a bill to them in -- a couple of months ago in august. although now it's four months ago. we sent a bill to them saying let's extend '01, '03 for the time being so we can work on real tax reform. they need to send that back to us. it's true speaker boehner brought another bill for consideration to the house majority. but that's just -- >> and they rejected it. >> that's just moving the hot potato around. nothing is getting done. >> if you look at it, the house has passed a budget for three years in a row. the senate has
not going to be able to do as much. >> we're looking in six days of going over the fiscal cliff. $600 million in tax increases and spending cuts. >> nobody wants to do that. >> i think we all agree and no talks by all accounts by the president and members of congress. >> the president went -- >> and the president was playing golf in honolulu. listen, i was working on christmas. with all due respect. should congress have taken a break? >> no. >> there...
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Nov 8, 2012
11/12
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MSNBCW
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to avoid the so-called fiscal cliff. >> there are spending cuts coming -- defense companies, construction, they may very well have to lay off workers. in addition, we've got the highest tax increase coming on virtually all economic levels. these two things will coincide to basically possibly push the u.s. economy into recession unless congress does something about it. >> wow. richard lui is here. we've been talking about what no deal would mean and the consequences could be dire. >> yes, chris. the fiscal cliff clock ticks on. 53 days to go. if january 1st arrives and washington fails to compromise, experts warn of an economic cataclysm. by the end of next year, unemployment could jump to 1.9% said the congressional budget office. that's almost 2 million more people without jobs. the economy would tumble at a rate similar to 2008's great recession. as much as 4% says goldman sachs. the average household's taxes would rise $3,500, all but a tenth of u.s. households would pay higher taxes. to stop that from happening, washington needs to stop what appears to be good, a plan forged over the
to avoid the so-called fiscal cliff. >> there are spending cuts coming -- defense companies, construction, they may very well have to lay off workers. in addition, we've got the highest tax increase coming on virtually all economic levels. these two things will coincide to basically possibly push the u.s. economy into recession unless congress does something about it. >> wow. richard lui is here. we've been talking about what no deal would mean and the consequences could be dire....
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Dec 13, 2012
12/12
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CSPAN2
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>> especially when it comes to going over the fiscal cliff. the folks and washington. >> the part of south carolina that has been economically challenged for a while and remain so, certain parts have developed pretty strongly. but the part where i come from, mostly agricultural, they have a high foreclosure rate and people are having a very hard time. i visited there since i became chairman. the part of the reason that we are engaging in these policies is to create a strong economy and more jobs so that folks across the country, including places like the one where i grew up, they would have more opportunity to have a better life for themselves. that is extremely important, and i think it's very important that we not just look at the numbers, it's easy to look at the unemployment rate and say it is one 10th or 210 and every 10th means that every kind of person is represented. it is important to keep in mind the reality of unemployment and wage growth and et cetera. we always try to do that. it is always a delicate balance and you don't want to
>> especially when it comes to going over the fiscal cliff. the folks and washington. >> the part of south carolina that has been economically challenged for a while and remain so, certain parts have developed pretty strongly. but the part where i come from, mostly agricultural, they have a high foreclosure rate and people are having a very hard time. i visited there since i became chairman. the part of the reason that we are engaging in these policies is to create a strong economy...
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Jul 19, 2012
07/12
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CNBC
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we talk about the fiscal cliff and tax cuts that come at the end of the year. will that dictate your plan? >> technically it would have an impact, but we're still about 50% held by retail shareholders, and so i don't think a tax increase on dividends would change our strategy because our rethey'll shareholders, many of whom are senior citizens still need that money. if taxes go up that would be very bad for them. they will have less money to pay their rent, electricity, and buy prescriptions. but we can't control that in our personal votes. i don't think just because -- >> i'm sorry, please finish your thought. >> just because taxes go up, we will not change our dividend strategy. >> what should investor dos with their mono? that's coming up next. short break and then jumping into the ipo waters. kayak is on the verge, but is the only travel website going for the danger zone that foiled facebook? much money do millionaires need to feel wealthy? there's a lot of zeros involved. >>> here is a look at some of today's winners and losers. with the fidelity stock scr
we talk about the fiscal cliff and tax cuts that come at the end of the year. will that dictate your plan? >> technically it would have an impact, but we're still about 50% held by retail shareholders, and so i don't think a tax increase on dividends would change our strategy because our rethey'll shareholders, many of whom are senior citizens still need that money. if taxes go up that would be very bad for them. they will have less money to pay their rent, electricity, and buy...
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Dec 26, 2012
12/12
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. >>> president obama cuts his christmas vacation short for the fiscal cliff. >>> and the longest high speed train. good morning. i'm richard lui. christmas was anything but merry for residents of the deep south. christmas packed a deadly punch. three residents are victims of the storm that hit four states as far south as texas. >> oh, wow, oh jr, look at that tornado. >> reporter: in mobile, alabama, a christmas surprise no one wished for right in this city center. it left lots of damage in its wa wake, blowing out first and second floor windows at the medical center and the roof at the high school. there are no deaths but tens of thousands are without electricity. it sent customers running for cover. >> he looked out the windows and said there is a tornado coming. i looked out, saw the debris flying around, got everybody and the customers an said, we need to run to the back and everybody huddle down. >> i probably hurt my baby grabbing her running for protection. there was no time. >> reporter: the twister was from a massive storm that stretched across the nation. earlier, a tornado
. >>> president obama cuts his christmas vacation short for the fiscal cliff. >>> and the longest high speed train. good morning. i'm richard lui. christmas was anything but merry for residents of the deep south. christmas packed a deadly punch. three residents are victims of the storm that hit four states as far south as texas. >> oh, wow, oh jr, look at that tornado. >> reporter: in mobile, alabama, a christmas surprise no one wished for right in this city...
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Dec 28, 2012
12/12
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gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion cut that is being applied right now as we speak. to take another cut on top of that is devastating. >> reporter: it's not just the military itself that will take a hit, also the defense industry, defense contractors, private companies that do work for the pentagon. one democratic congressman in northern virginia whose district maybe hit the hardest by all of this says it could mean layoffs. >> the large defense contractors will probably be okay, they have significant cash reserves, most of them. the smaller contractors would have trouble getting their lines of credit extended, trouble keeping their employees, i
gregg: this lawmakers do not reach a deal with regard to the fiscal cliff cuts will go into the defense department. >> reporter: the whole package of spending cuts is $1.2 trillion, half to the defense department. the army, navy, air force marines would take equal cuts according to one analyst who says the impact on the military overall will be, quote, very serious. >> the pentagon and the departments are already in financial trouble, because there has already been a $480 billion...
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Aug 1, 2012
08/12
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cliff of expiring tax cuts and automatic spending cuts. the compromised deal would have to be approved in september by both houses of congress. >> now to the london summer games and u.s. swimmer michael phelps. he swam his way into the history books tuesday by winning his 19th career olympic medal. phelps picked up his 15th gold medal in the 4x200 meter free style relay after taking silver in the 200 meter butterfly by 0 .05. >> i saw the women's gymnastics, the u.s. got their gold. those fab five will be well known throughout -- i think they're going to be on the "today" show this morning. >> as far as today goes this morning, not too many issues. more of the same unfortunately as we begin our august. the drought map across the country, this has been the big story, the extreme drought and one of the worst our country has seen. on this map of the united states, if you're not colored in in the yellows, oranges or red, you don't have any drought to worry about. but that's really about it. you can go all the way from utah all the way across i
cliff of expiring tax cuts and automatic spending cuts. the compromised deal would have to be approved in september by both houses of congress. >> now to the london summer games and u.s. swimmer michael phelps. he swam his way into the history books tuesday by winning his 19th career olympic medal. phelps picked up his 15th gold medal in the 4x200 meter free style relay after taking silver in the 200 meter butterfly by 0 .05. >> i saw the women's gymnastics, the u.s. got their gold....
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Dec 27, 2012
12/12
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CNBC
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the stalemate, the lack of progress on avoiding the fiscal cliff. it's making it clear to investors that tax hikes and spending cuts will kick in in the new year. that's the reason for the selloff. back to you. >>> a quick check in on what's happening out there. in the meantime, that was mary thompson of the nyse. brian over to you at the mothership. >> we're going to do rapid fire. five stories you need to know about in 60 seconds. let's get going on this. apple, compensation news. ceo tim cook got 4 million bucks from 378 million last year. how will he eat? no stock award. four other apple execs got stock a warts of $66 million this year. >> not bad. >>> domino's pizza, all time high. on pen hiemer says it could be up for a higher sale year and overseas on pen hiemer races its target from 50 to 44. the ceo of dominos, the ceo of the year award. first and only burbee. >>> diod maker, dio. 151 million. they expand their presence in china. year to date. on a serious note, serious topic. smith and wes son, that stock moving higher again today. another
the stalemate, the lack of progress on avoiding the fiscal cliff. it's making it clear to investors that tax hikes and spending cuts will kick in in the new year. that's the reason for the selloff. back to you. >>> a quick check in on what's happening out there. in the meantime, that was mary thompson of the nyse. brian over to you at the mothership. >> we're going to do rapid fire. five stories you need to know about in 60 seconds. let's get going on this. apple, compensation...
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Nov 10, 2012
11/12
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FOXNEWSW
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the fiscal cliff and spending cuts will wreak havoc. spending cuts would take $1.2 trillion over ten years, 100 billion in the first year. >> these are big cuts, ten to 14% in programs, a quarter of the way through their fiscal year. that's bad policy and dangerous. >> the biggest stumbling block is tax increases. everyone wants to extend the bush tax cuts for those making less than 250,000 a year. the president, however, wants to raise taxes on those making more, and add other taxes to boot. some analysts argue that would crush small businesses which create two-thirds of all jobs. >> the tax increases that president obama has fought for would actually increase taxes on small businesses by about $50 billion a year going forward. >> in 2010 when the economy was growing at 2.3%, president obama extended all the tax cuts, saying the economy was too weak to digest a tax increase. now the economy is growing at only 2%, but mr. obama is forging ahead and senator reid argues he got a mandate to do so. >> the president campaigned around the cou
the fiscal cliff and spending cuts will wreak havoc. spending cuts would take $1.2 trillion over ten years, 100 billion in the first year. >> these are big cuts, ten to 14% in programs, a quarter of the way through their fiscal year. that's bad policy and dangerous. >> the biggest stumbling block is tax increases. everyone wants to extend the bush tax cuts for those making less than 250,000 a year. the president, however, wants to raise taxes on those making more, and add other...
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Dec 28, 2012
12/12
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but that's cutting pretty close, as you can imagine, because we go over the fiscal cliff as of monday night without a deal. so pretty tight timeline there. >> what is the thinking at this point, dana bash, that most congressional leaders feel like going over the cliff, whether they will say it publicly is one thing, but going over the cliff might be better, because on the other end of it, you can vote for tax cuts versus raising taxes for a certain number of americans, politically speaking, isn't that a better scenario for them? >> it may politically be a better secenario for some congresspeople. but it will be a catastrophe because of public opinion, the way markets would respond on january 2nd. i think politically obviously it saves a little face, particularly for some republicans who don't want to vote for tax increases. taxes increase automatically, but it isn't without consequences and we're trying to get a sense today -- the meeting that you mentioned, 3:00 p.m. at the white house, congressional leaders with the president and vice president. coming out of that, i think we may ha
but that's cutting pretty close, as you can imagine, because we go over the fiscal cliff as of monday night without a deal. so pretty tight timeline there. >> what is the thinking at this point, dana bash, that most congressional leaders feel like going over the cliff, whether they will say it publicly is one thing, but going over the cliff might be better, because on the other end of it, you can vote for tax cuts versus raising taxes for a certain number of americans, politically...
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Dec 9, 2012
12/12
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CSPAN
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we cannot balance this budget and make the changes we need to make in terms of the fiscal cliff without insuring that we ask the top 1% or 2% to pay their fair share in taxes. they're paying lower income taxes than in almost any time in our history since we implemented income tax. they have had a great deal. president obama said that up for them. -- president bush set that up for them. we ask the wealthy to pay for their fair share. what we had was economic prosperity. when you see the gains they're playing in congress right now, to suggest he could do this with deductions is not true. the math does not add up. the president has to stick to his guns in insuring that it is time for the wealthiest americans to help bail out from this mess. we have to make cuts. they have to be prudent. the president and vice-president do not believe the way to balance the budget is on the backs of the states. if they reduce the commitment to health care, medicare, medicaid and say we will reduce the reimbursement and shift the burden back to the states, the president knows that is not doing anything to ac
we cannot balance this budget and make the changes we need to make in terms of the fiscal cliff without insuring that we ask the top 1% or 2% to pay their fair share in taxes. they're paying lower income taxes than in almost any time in our history since we implemented income tax. they have had a great deal. president obama said that up for them. -- president bush set that up for them. we ask the wealthy to pay for their fair share. what we had was economic prosperity. when you see the gains...
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Nov 13, 2012
11/12
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and all these cuts coming in for a drive over this fiscal cliff. cuts hurt. somebody believes. the aid cut alone would mean that two injured 75,000 people will not get the -- 275, 000 people will not get the treatment they need resulting in 65,000 deaths. broke people. real bleeding. that is why you will hear us making the campaign that cuts should not cost lives. it should not be a hard case to make but it is right now in hall of congress, the senate. maybe even here. i put it to you. we must not let this economic recession become a moral recession. that would be double cruelty. you know, it is not just take away your chances here at home. it might therefore take away your generations shot at the greatness in the wider world. the generation before you outlawed the idea of the color of your skin deciding whether you could vote. it challenge that your sex could decide your future. this generation has the chance to challenge the absurdities of where you give deciding whether you live. [applause] the most vivid example of this for me was a clinic in r
and all these cuts coming in for a drive over this fiscal cliff. cuts hurt. somebody believes. the aid cut alone would mean that two injured 75,000 people will not get the -- 275, 000 people will not get the treatment they need resulting in 65,000 deaths. broke people. real bleeding. that is why you will hear us making the campaign that cuts should not cost lives. it should not be a hard case to make but it is right now in hall of congress, the senate. maybe even here. i put it to you. we must...
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Dec 30, 2012
12/12
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WMAR
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swoop down from the fiscal cliff. the two senate leaders harry reid and mitch mcconnell are work on a stopgap bill. >> at some point, the negotiating process, it appears that there are things that stop us from moving forward. i hope we are not there but we are getting close. >> i want everyone to know i am willing to get this done. but i need a dance partner. >> reporter: the legislation would prevent a tax increase for reveille 98% of the -- for roughly 98% of workers extend unemployment benefits and prevent a huge cut in payments to medicare doctors. >> we should introduce legislation that would make sure middle class taxes stay where they are and there should an up or down vote. >> reporter: if they reach a deal it won't pass congress necessarily by monday night. if it doesn't every body income tax also go up. average family would pay an extra $3446 more in 2013. and farm programs would expire. potentially doubling the price of milk. and if congress doesn't pass a new bill. >> we will come back with a new congress
swoop down from the fiscal cliff. the two senate leaders harry reid and mitch mcconnell are work on a stopgap bill. >> at some point, the negotiating process, it appears that there are things that stop us from moving forward. i hope we are not there but we are getting close. >> i want everyone to know i am willing to get this done. but i need a dance partner. >> reporter: the legislation would prevent a tax increase for reveille 98% of the -- for roughly 98% of workers extend...
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Jul 26, 2012
07/12
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"outfront" tonight, playing chicken with the fiscal cliff. today the senate appeared to take action on extending the bush era tax cuts. appeared being the keyword. senator majority leader mitch mcconnell announced he would not filibuster the measure. instead he allowed a straight up-or-down majority wins vote. the republican plan, extend the tax cuts for everyone. and president obama's plan, extend the cuts for 98% of americans, how olds making under $250,000 a year. why would senator mcconnell do such a thing? >> the only way to force people to take a stand is to make sure that today's votes truly count, by setting these shoet votes at a 50-vote threshold, nobody on the other side can hide behind a procedural vote while leaving their views on the actual bill itself a mystery, a simple mystery to the people who sent them here. >> and tonight, we now know where everyone stands. the democrats' bill narrowly passed, 51 to 48. with two democrat, joe lieberman and jim webb opposing. the republicans' plan failed. the vice president was there himsel
"outfront" tonight, playing chicken with the fiscal cliff. today the senate appeared to take action on extending the bush era tax cuts. appeared being the keyword. senator majority leader mitch mcconnell announced he would not filibuster the measure. instead he allowed a straight up-or-down majority wins vote. the republican plan, extend the tax cuts for everyone. and president obama's plan, extend the cuts for 98% of americans, how olds making under $250,000 a year. why would senator...
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Dec 31, 2012
12/12
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still no deal on the fiscal cliff. are the democrats and republicans too far apart at this point to reach a deal before midnight? i hope not. >> is the cliff armageddon for the defense department. what these defense cuts would mean for national security. >>> a health scare for hillary clinton. what doctors say happened and an update on her condition. >> i'm ali velshi. >> and i'm christine romans. >> and i'm dr. sanjay gupta. john and zoraida are both off. >>> millions of americans will countdown to a fiscal cliff. a development that could send the nation back to recession. yesterday, the two parties turned to their respective closers, vice president joe biden and senate minority leader mitch mcconnell to get a back door deal done. the republican is not giving up. >> i'm interested in getting a result here. willing to work with whoever can help. there is no single issue that remains an impossible sticking point. >> all right according to the president, there has always been and still is one big sticking point. raising
still no deal on the fiscal cliff. are the democrats and republicans too far apart at this point to reach a deal before midnight? i hope not. >> is the cliff armageddon for the defense department. what these defense cuts would mean for national security. >>> a health scare for hillary clinton. what doctors say happened and an update on her condition. >> i'm ali velshi. >> and i'm christine romans. >> and i'm dr. sanjay gupta. john and zoraida are both off....
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item in the fiscal cliff. >> reporter: meanwhile, the race for the white house took a turn. team romney raised 76.8 million in may surging ahead of barack obama. it will be more than 2 billion by november. a lot of it to be spent in the fight over taxes. i'm steve handelsman, nbc news washington. >>> former president bill clinton is apologizing for some comments that he made that appeared to undermine the president. in an interview on cnn yesterday the former president repeatedly expressed, quote, regret for telling cnbc earlier in the week that he would temporarily extend all bush era tax cuts. republicans ran with the comments which directly contradicted president obama's position. clinton claims he misunderstood the timing of when the issue had to be decided by. >>> oversees now where diplomatic efforts to end the bloodshed in syria are failing according to the united nations. u.n. observers themselves were attacked yesterday as they tried to reach the sight of the latest reported massacre in syria. we're following the story from cairo. >> reporter: lying for the world to
item in the fiscal cliff. >> reporter: meanwhile, the race for the white house took a turn. team romney raised 76.8 million in may surging ahead of barack obama. it will be more than 2 billion by november. a lot of it to be spent in the fight over taxes. i'm steve handelsman, nbc news washington. >>> former president bill clinton is apologizing for some comments that he made that appeared to undermine the president. in an interview on cnn yesterday the former president repeatedly...
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Jul 19, 2012
07/12
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cut taxes for rich people. >> greg: fiscal cliff is name of a cool stunt man. >> dana: can i do mine? >> greg: no. >> dana: it those do with economics. >> greg: okay. >> dana: i got a book on saturday sent to me. 4% solution. down by crown business. published. but it comes from the george w. bush institute. the forward is by him, but the rest of it is made up of all the different economists on every different subject you can imagine. i read a couple of chapters today. it's excellent. >> greg: give me the best pa
cut taxes for rich people. >> greg: fiscal cliff is name of a cool stunt man. >> dana: can i do mine? >> greg: no. >> dana: it those do with economics. >> greg: okay. >> dana: i got a book on saturday sent to me. 4% solution. down by crown business. published. but it comes from the george w. bush institute. the forward is by him, but the rest of it is made up of all the different economists on every different subject you can imagine. i read a couple of...